Earnings Alerts

Suzlon Energy (SUEL) Earnings Skyrocket in 3Q: Net Income Rises to 2.03B Rupees from 783.6M Rupees Y/Y

By January 31, 2024 No Comments
  • Suzlon Energy‘s 3Q net income amounted to 2.03 billion rupees, a significant increase from 783.6 million rupees year over year.
  • The company’s revenue was 15.5 billion rupees, marking a 6.9% increase from the previous year.
  • Total costs for Suzlon Energy were 13.7 billion rupees, a decrease of 1.4% from the previous year.
  • The company’s shares rose by 4.8%, reaching 45.90 rupees, with 86.4 million shares traded.
  • There were two buys, zero holds, and zero sells reported for the company’s shares.
  • All comparisons to past results are based on values reported by the company’s original disclosures.

Suzlon Energy on Smartkarma

Smartkarma, an independent investment research network, has recently published coverage on Suzlon Energy, an Indian company that specializes in renewable energy solutions. The research, written by top independent analysts Brian Freitas and Clarence Chu, provides insights on the company’s market positioning and recent developments.

According to Freitas, Suzlon Energy is one of the eight Indian stocks that have seen a significant increase in market cap, which has caught the attention of investors. This surge in market value has also put the company on the radar of active managers and could potentially lead to its inclusion in global indices. Chu’s report focuses on Suzlon Energy‘s recent QIP (Qualified Institutional Placement) deal, which aims to raise INR20bn (US$240m) to pay off the company’s debt. This move is expected to put Suzlon Energy in a net cash position, addressing previous debt concerns for the company.


A look at Suzlon Energy Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Suzlon Energy Ltd. is a company that specializes in designing, manufacturing, and maintaining wind generating equipment. They are known for constructing large wind parks, which help to generate clean and renewable energy. Recently, the company’s outlook has been analyzed using the Smartkarma Smart Scores, which provides a rating from 1 to 5 for different factors.

Based on the scores, it seems that Suzlon Energy has a positive long-term outlook. The company received a score of 4 for both growth and resilience, indicating that they are expected to experience strong growth and have the ability to withstand challenges in the future. They also received a score of 5 for momentum, which suggests that they are currently performing well and have potential for continued success. However, the company received lower scores for value and dividends, with a 2 and 1 respectively. Overall, it seems that Suzlon Energy has a promising future ahead, with potential for growth and a strong presence in the renewable energy industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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